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For Franklin, Inc., sales is $2,000,000, fixed expenses are $600,000, and the contribution margin ratio is 36%. What is net income? Select one: a. $504,000

For Franklin, Inc., sales is $2,000,000, fixed expenses are $600,000, and the contribution margin ratio is 36%. What is net income? Select one: a. $504,000 O b. $120,000 O c. $216,000 O d. $720,000 image text in transcribed

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